PART 2. OF CIVIL ACTIONS 307-1062.20›TITLE 14. OF MISCELLANEOUS PROVISIONS 989-1062.20›CHAPTER 2. Bonds and Undertakings 995.010-996.560›ARTICLE 7. Deposit in Lieu of Bond 995.710-995.770
§ 995.740
California Code of Civil Procedure · 2018-11 edition · updated 2026-10-04 · California
If no proceedings are pending to enforce the liability of the principal on the deposit, the officer shall:
(a) Pay quarterly, on demand, any interest on the deposit, when earned in accordance with the terms of the account or certificate, to the principal.
(b) Deliver to the principal, on demand, any interest coupons attached to bonds or notes, including bearer bonds and bearer notes, as the interest coupons become due and payable, or pay annually any interest payable on the bonds or notes.
(Amended by Stats. 2014, Ch. 305, Sec. 3. (AB 1856) Effective January 1, 2015.)
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